StepStone Group Inc.

Listed Company

STEPCIK 0001796022NasdaqLarge AcceleratedInvestment AdviceFY ends Mar 31

Period

FY 2026

Revenue

$1.99B

Net Income

$-535.81M

Total Assets

$6.76B

Equity

$-413.56M

Shares Out

100

Op. Cash Flow

$66.48M

STEP$43.59−31.06% · past yearDBEQ Basic

Daily closing prices

Business

StepStone Group Inc. is a global private markets investment firm providing customized investment solutions, advisory services, and data analytics to institutional and private wealth clients. The firm offers primary fund commitments, secondary fund acquisitions, and direct co-investments across private equity, infrastructure, private debt, and real estate asset classes. StepStone operates through separately managed accounts, focused commingled funds, and advisory services across 31 cities in 19 countries, serving pension funds, sovereign wealth funds, insurance companies, endowments, family offices, and high-net-worth individuals.

Summary from 10-K filed 2026-05-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Total revenues	1,994	1,175	712	−68	1,366
Cash-based compensation	414	332	293	252	197
Equity-based compensation	1,742	669	42	25	14
Realized	193	95	38	80	91
Unrealized	342	94	75	−119	313
Total performance fee-related compensation	535	189	112	−39	404
Legacy Greenspring performance fee-related compensation	139	74	−75	−452	187
Total compensation and benefits	2,830	1,264	373	−214	803
General, administrative and other	187	177	167	147	110
Total expenses	3,017	1,442	540	−67	913
Investment income	41	15	7	−3	26
Legacy Greenspring investment loss	5	−1	−9	−44	33
Investment income of Consolidated Funds	92	65	28	9	0
Interest income	12	11	4	2	337,000
Interest expense	−19	−13	−9	−4	—
Other income (loss)	697,000	−33	2	−1	2
Total other income	132	45	24	−41	60
Income (loss) before income tax	−891	−222	195	−41	513
Income tax expense (benefit)	−148	−49	28	4	28
Net income	−743	−173	168	−45	484
Less: Net income attributable to redeemable non-controlling interests	66	54	16	2	0
Net income (loss) attributable to StepStone Group Inc.	−536	−180	58	−18	194
Basic (in dollars per share)	−6.78	−2.52	0.91	−0.3	3.89
Diluted (in dollars per share)	−6.78	−2.52	0.91	−0.3	3.84
Basic (in shares)	79	71	63	62	50
Diluted (in shares)	79	71	67	62	54
Dividends declared per share of Class A common stock (in dollars per share)	1.48	1.08	1.08	0.8	0.44

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Restricted cash	579,000	502,000	718,000	955,000	1
Fees and accounts receivable	133	81	57	44	34
Due from affiliates	113	93	68	54	—
Investments in funds	249	184	135	115	107
Accrued carried interest allocations	2,037	1,496	1,354	1,227	1,481
Legacy Greenspring investments in funds and accrued carried interest allocations	753	629	631	771	1,335
Deferred income tax assets	615	383	185	44	28
Lease right-of-use assets, net	82	92	98	101	61
Intangibles, net	223	264	305	355	398
Goodwill	581	581	581	581	581
Total assets	6,763	4,587	3,789	3,497	4,188
Accounts payable, accrued expenses and other liabilities	103	90	127	89	81
Accrued compensation and benefits	2,361	737	101	67	46
Accrued carried interest-related compensation	1,101	758	719	645	764
Legacy Greenspring accrued carried interest-related compensation	619	496	484	618	1,140
Due to affiliates	363	332	213	205	—
Lease liabilities	104	114	120	121	71
Total liabilities	5,877	2,812	1,916	1,844	2,364
Commitments and contingencies (Note 15)	—	—	—	—	—
Additional paid-in capital	482	421	310	611	587
Accumulated deficit	−897	−243	14	160	230
Accumulated other comprehensive income	1	728,000	304,000	461,000	658,000
Total StepStone Group Inc. stockholders equity	−414	179	324	772	818
Total stockholders equity	691	1,390	1,655	1,629	1,824
Total liabilities and stockholders equity	6,763	4,587	3,789	3,497	4,188

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Depreciation and amortization	46	45	48	47	27
Amortization of deferred financing costs	1	847,000	472,000	472,000	236,000
Equity-based compensation	1,618	650	39	25	14
Change in deferred income taxes	−195	−75	9	−13	6
Fair value adjustment for acquisition-related contingent consideration	0	16	17	9	10
Gain on remeasurement of lease liabilities	0	0	−106,000	−3	0
Loss on sale of subsidiary	0	0	812,000	0	0
Payments for acquisition-related contingent consideration	0	−51	0	0	—
Other non-cash activities	0	103,000	579,000	40,000	−3
Unrealized investment income of Consolidated Funds	−85	−62	−26	−9	0
Purchases of investments of Consolidated Funds	−334	−226	−77	−21	0
Proceeds from sale of investments of Consolidated Funds	7	5	2	4,000	0
Fees and accounts receivable	−64	−24	−12	−10	−2
Due from affiliates	−16	−24	−15	−30	−11
Accounts payable, accrued expenses and other liabilities	17	13	17	−1	7
Accrued compensation and benefits	29	4	16	11	−1
Due to affiliates	−1	11	815,000	−765,000	−2
Lease right-of-use assets, net and lease liabilities	357,000	−298,000	2	2	−413,000
Net cash provided by operating activities	66	65	162	151	214
Net cash recognized upon initial consolidation of funds	812	0	0	—	—
Net cash derecognized from deconsolidation of fund	−37	0	0	—	—
Purchases of property and equipment	−3	−5	−20	−6	−2
Other investing activities	0	1,000	0	1,000	35,000
Net cash provided by (used in) investing activities	733	−43	−47	−31	−210
Purchase of non-controlling interests	−10	−5	0	0	−3
Proceeds from revolving credit facility	75	125	50	35	185
Proceeds from issuance of Class A common stock of shares under ESPP	4	3	0	0	—
Proceeds from issuance of notes payable	0	175	0	0	—
Deferred financing costs	0	−5	0	0	−2
Payments on revolving credit facility	−75	−175	0	0	−120
Payments for acquisition-related contingent consideration	0	−18	0	0	—
Dividends paid to common stockholders	−118	−76	−68	−50	−24
Payments for taxes related to net settlement of equity-based awards	−400,000	−1	−695,000	−3	0
Payments for repurchases of Class A common stock	−9	0	0	—	—
Payments to related parties under Tax Receivable Agreements	−13	−10	−10	−6	−800,000
Other financing activities	0	−5,000	−1,000	−1,000	−9,000
Net cash provided by (used in) financing activities	37	87	−58	−108	−70
Effect of foreign currency exchange rate changes	−8	−1	−3	−287,000	−15,000
Net increase in cash, cash equivalents and restricted cash	829	107	53	12	−66
Interest paid	16	7	8	4	829,000
Taxes paid	42	14	14	29	12
Deferred tax effect resulting from transactions affecting ownership in the Partnership, including net amounts payable under Tax Receivable Agreements	−2	6	133	−4	—
Establishment of lease liabilities in exchange for lease right-of-use assets	0	0	6	77	80
Issuance of note related to sale of subsidiary	0	0	8	0	0
Equity issued for redemption of redeemable non-controlling interests	0	97	0	0	559
Equity issued for purchase of non-controlling interests	161	0	0	—	—

Filings

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Frequently asked questions

What is StepStone Group Inc.'s CIK number?

StepStone Group Inc.'s SEC CIK number is 0001796022 (1796022). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find StepStone Group Inc.'s SEC filings?

All of StepStone Group Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did StepStone Group Inc. last report earnings?

StepStone Group Inc. (STEP) most recently filed an earnings 8-K with the SEC on May 20, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-036882). This is StepStone Group Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is StepStone Group Inc.'s most recent earnings 8-K?

StepStone Group Inc.'s latest earnings 8-K (Item 2.02) was filed May 20, 2026 under accession 0001628280-26-036882. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View StepStone Group Inc.'s latest earnings 8-K →
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